Post Utme Aaua 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice

Question 29 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 3q. The firm's revenue function is given by R(q) = 10q. What is the firm's profit function?

Correct Answer A. P(q) = 8q^2 + 3q

B. P(q) = 8q^2 - 3q

C. P(q) = 8q^2 + 10q

D. P(q) = 8q^2 - 10q

Correct Answer

Correct Option:

P(q) = 8q^2 + 3q

This is Post Utme Aaua 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support